JPY Pair Daily Chart Trader EA | Forex Factory

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JPY Pair Daily Chart Trader EA

  • #1
  • First Post: Edited 1:09am Oct 2, 2013 12:46am | Edited 1:09am
Hello Forex Enthusiasts,

I am gonna walk you through JPY Pair Daily Chart Trader EA which has the below consituents:

  1. Daily RSI 20 (Thanks to Steve Hopwood filter to find if market is trending/range bound)
  2. Prev Day High/Low
  3. Daily Breakout High/Low Levels
  4. Continuous Polling of the Open positions to clear them if conditions reversed (i.e Dynamic SL/TP, not visible to broker)
  5. High accuracy
  6. Configurable Money Management per trade
  7. Single Trade (Buy/Sell) per Pair at a time

First before going any further wanna mention that its low frequency trader , as pointed out based on BT from Jan 1,2013 on several JPY pairs as follows :

Pair USD JPY : BT

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_d1.PNG Size: 37 KB


Pair EUR JPY : BT
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_d1.PNG Size: 43 KB


Pair GBPJPY : BT
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_d1.PNG Size: 55 KB


Pair CHFJPY : BT
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy_d1.PNG Size: 80 KB


Pair CADJPY : BT
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy_d1.PNG Size: 35 KB


Please feel to share your thoughts/comments on this JPY Pair Daily Chart Trader EA System which I developed based on info. furnished ..

Yours Forex'ely,
Scoobidoobie
Scoobi doobi doo
  • #2
  • Oct 2, 2013 1:00am Oct 2, 2013 1:00am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
If the purpose of the thread is to discuss/comment on your system, you should detail your exact trading rules.

Unless this thread is your trading journal.

BTW, results look promising ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Oct 2, 2013 1:07am Oct 2, 2013 1:07am
Yeah FerruFx, am gonna attach the EA out here very shortly . You can find the system sort of Counter Trend when you go through the EA but it seems to be effective.

I am open to any change in ideas , am pretty flexi as I reversed my own initial idea as below :

Infact when I wrote it, I went for obvious Trend Follower way of doing and ended up to find that the winning accuracy is <10-20% , then I reversed my own idea to see if its doing well then scanned several pairs ultimately it got locked for JPY Pairs where its working ....
Scoobi doobi doo
  • #4
  • Oct 2, 2013 2:15am Oct 2, 2013 2:15am
Attached the JPY D1 Trader EA
Attached File(s)
File Type: mq4 JPY_D1_Trader.mq4   5 KB | 2,039 downloads


Please feel free to have it forward/backward tested and let us interact on how to improve it further!
Scoobi doobi doo
  • #5
  • Oct 2, 2013 2:59am Oct 2, 2013 2:59am
Folks,

Please post your thoughts/changes/results on jpy/other pairs (daily chart) with default/tweaked settings.

Appreciate your response, it would benefit other pals too...


Scoobi
Scoobi doobi doo
  • #6
  • Oct 2, 2013 3:07am Oct 2, 2013 3:07am
I tested this GBPJPY and success rate is 84%. I used 1000 dollar with max risk is 0.3.
  • #7
  • Oct 2, 2013 4:13am Oct 2, 2013 4:13am
USD-JPY tested in Tick Data from Jan-Sep'2013, result attached
Attached Image (click to enlarge)
Click to Enlarge Name: UJ - Jan-Sep on TickData.gif Size: 34 KB
  • #8
  • Oct 2, 2013 11:35pm Oct 2, 2013 11:35pm
Thanks exptrader and forexzak for your findings.., BTW forexzak can you please let me know how you got modelling quality 99% mate for your testing

Anyone feel we need to box this EA with user configurable SL & TP aswell to test if it can do well, I have created
Attached File(s)
File Type: mq4 JPY_D1_Trader_V2.mq4   7 KB | 1,679 downloads
version V2 of the EA where user can set either SL or TP or both based on their conviction for testing.

Note : Leaving the input as "0" for both TakeProfit and StopLoss means V2 EA will behave like JPY D1 Trader EA.(previous version)

Regards
Scoobi
Scoobi doobi doo
  • #9
  • Oct 3, 2013 10:48am Oct 3, 2013 10:48am
Has this been tried on the 4hour timeframe? Wonder if next revision can include that option....
  • #10
  • Oct 3, 2013 11:41am Oct 3, 2013 11:41am
4xplosion,

Attached another version V3
Attached File(s)
File Type: mq4 JPY_H4_Trader_V3.mq4   7 KB | 1,966 downloads
to trade H4 Chart with same underline concept for you to have it tested, Please share your results and findings on how to improve.

Appreciate it!

-Scoobi
Scoobi doobi doo
  • #11
  • Oct 3, 2013 12:02pm Oct 3, 2013 12:02pm
Please include a few words on the underlining concept for those who would like to this without using EA.
  • #12
  • Oct 3, 2013 10:40pm Oct 3, 2013 10:40pm
Please explaint me this value in your EA, what will it return???: b_close = iClose(Symbol(),PERIOD_D1,0); Thank
  • #13
  • Oct 4, 2013 4:35am Oct 4, 2013 4:35am
thuythuyyen,

Check iClose documentation Query here : http://forum.mql4.com/48192


aelimian,

This EA does counter trend (as I mentioned to FerruFx) the accuracy is lot better with it , in SIMPLE words see here(ENTRY/EXIT Criteria's) :

ENTRY Criteria's :

SELL Signal :

a) Current Daily Bar Close > Previous Daily Bar Close
b) Current Price (Ask) > Daily High
c) Daily RSI 20 is > 55

BUY Signal :

a) Current Daily Bar Close < Previous Daily Bar Close
b) Current Price (Bid) < Daily Low
c) Daily RSI 20 is < 45

Exit Criteria:

If BUY Order Open {

Sell Entry Conditions Met; Close Open BUY Order & Short Entry Triggered

}

If SELL Order Open {

Buy Entry Conditions Met; Close Open SELL Order & Long Entry Triggered

}

Hope it helps,
Scoobi
Scoobi doobi doo
  • #14
  • Oct 5, 2013 2:52am Oct 5, 2013 2:52am
Quoting Scoobidoobi
Thanks exptrader and forexzak for your findings.., BTW forexzak can you please let me know how you got modelling quality 99% mate for your testing Anyone feel we need to box this EA with user configurable SL & TP aswell to test if it can do well, I have created {file} version V2 of the EA where user can set either SL or TP or both based on their conviction for testing. Note : Leaving the input as "0" for both TakeProfit and StopLoss means V2 EA will behave like JPY D1 Trader EA.(previous version) Regards Scoobi
You can learn here how to test 99% modeling quality
http://eareview.net/

To download DukasCopy Tick Data use the following tool
http://www.strategyquant.com/tickdatadownloader/
  • #15
  • Oct 6, 2013 3:59pm Oct 6, 2013 3:59pm
include cci 40 about zero line and 20rsi above 46 level for buy below 56 level for sell for 4 hour system
  • #16
  • Oct 7, 2013 5:23am Oct 7, 2013 5:23am
the EA is opening multiple trades per pair, setting is for 1 trade only, thought you should know. In the meantime I have disabled it on my platform.
  • #17
  • Oct 13, 2013 4:29am Oct 13, 2013 4:29am
Hi Scoobidoobi,

Thanks for your EA; been back-testing and it seems profitable on a number of pairs. I'd be interested to see the difference in testing if you could add variables so we could try RSI, Williams percent, MACD or Stoch as the third filter on D1.
  • #18
  • Oct 13, 2013 4:57am Oct 13, 2013 4:57am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Telac
been back-testing and it seems profitable on a number of pairs.
You can't use backtesting and profitable in the same sentence.

The purpose of backtesting should be only to confirm that EA is trading as per the rules.

The only way to know if an EA is profitable is forward on a Live account.

Results between backtest and Live are usually far different. A backtest can show profit while Live loss ... and vice versa.
MT4/MT5 EAs/Indicators/Alerts coder
  • #19
  • Oct 13, 2013 7:00am Oct 13, 2013 7:00am
Quoting FerruFx
{quote} You can't use backtesting and profitable in the same sentence. The purpose of backtesting should be only to confirm that EA is trading as per the rules. The only way to know if an EA is profitable is forward on a Live account. Results between backtest and Live are usually far different. A backtest can show profit while Live loss ... and vice versa.
FerruFx
Very well understood and by the way, I always give weight and credence to everything you post - I know you are one of the bright lights here. I did use the word "seems" in front of profitable.....lol. I do use the tickstory setup which perhaps gives a big better picture - however my main intent here would be to backtest using several major indicators within the overall strategy of this EA (RSI, Williams percent, MACD) to see which one gives better results as a bias to what I may choose to try live. Certainly no expectations of duplicating the backtesting......
  • #20
  • Oct 13, 2013 8:39am Oct 13, 2013 8:39am
I testing other swing. I see silver 15 munite very well . what yours think.
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